Answer:
the expected return on the portfolio is 15.50%
Explanation:
The computation of the expected return on the portfolio is shown below:
Total investment is
= $2,700 + $3,800
= $6,500
Now
Expected return of portfolio is
= ($2,700 ÷ $6,500) × 12 + ($3,800 ÷ $6,500) × 18
= 4.98% + 10.52%
= 15.50%
Hence, the expected return on the portfolio is 15.50%
Answer:
The Journal entry at the beginning of the year is as follows:
Estimated revenue A/c Dr. $1,342,500
Estimated other financing sources-Bonds proceeds A/c Dr. $595,000
To Appropriations control $960,000
To Appropriations-Other financing uses-operating transfer outs $532,500
To Budgetary fund Bal. $445,000
(To record entry at the beginning of the year)
In order to be considered as a legal owner of a public company, a person or an organization must hold or own at least one stock of such public company.
<h3>What is the significance of a legal owner?</h3>
A legal owner can be referred to or considered as a person who is the owner of a property, whether movable or immovable, in the eyes of the laws. A legal owner is better than any other owner for having the right to own, possess, and sell such property.
In case of a public company, a legal owner will be someone who owns the stock of such company, irrespective of the quantity of stocks held by such owner.
Therefore, the significance regarding a legal owner has been aforementioned.
Learn more about a legal owner here:
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The type of business that the uncle is said to have would be described as an entrepreneurial business.
<h3>What is an entrepreneurship?</h3>
This is used to refer to the business that is owned by a single person. This person is called the entrepreneur who gets to enjoy either the profit or the loss that may occur in the business that he is operating.
The question says that the uncle has a chain of these businesses across three states, we can say that the uncle is an entrepreneur.
Read more on entrepreneurship here: brainly.com/question/353543
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